As unrest continues in the middle east, it has taken the attention from concerns that will effect precious metal prices in other regions.
Ireland is still in dire trouble! The have recently issued billions of dollars worth of bonds to themselves so that they may borrow from the European Central Bank at a cheaper rate.
How would you like the ability to loan yourself as much money as you needed to get by without supplying any form of collateral to secure your self made loan. Must be nice eh?
So it seems that the global economy is caught up in a giant ponzi scheme, as borrowing from Peter to pay Paul is the only thing keeping some key countries afloat.
On any other day without civil unrest across the globe, this would have been a breaking news headline that would effect the price on precious metals, but now, it is merely another gust of wind added to the perfect storm that is brewing at the moment which did not garner much attention, if any at all.
Keep your eyes open, buy any dips that come in the precious metals sector. Stay away from paper assets that are payable to you in US$ and acquire physical metal.
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